Pfizer's corporate venture arm, which invests in early biotech companies in the areas Pfizer cares about, including cancer. Its oncology portfolio includes Artios Pharma, Crossbow Therapeutics and Strata Oncology.
Pfizer Ventures is Pfizer's strategic corporate venture capital arm, investing globally in biopharmaceutical companies across five core areas: oncology, inflammation and immunology, cardiovascular, metabolic and obesity, and vaccines, plus platform technology companies. Its page says it invests from seed through IPO with typical initial investments of $5 to 20 million, emphasises early-stage opportunities and follows on in later rounds, and sits within Pfizer's Worldwide Business Development group. The portfolio page lists oncology companies including Artios Pharma ('a leading DNA Damage Response company'), Crossbow Therapeutics (T-cell receptor-mimetic antibodies), Curve Therapeutics (cyclic peptides), Incendia Therapeutics (tumour microenvironment), Kestrel Therapeutics (pan-KRAS), Normunity, Palleon Pharma (glycoimmune checkpoint inhibitors) and Strata Oncology (precision oncology testing).
| Company | Stage | Type | Cancers | Latest round |
|---|---|---|---|---|
| Crossbow Therapeutics Cambridge, MA, US | Growth stage | biotech | Acute myeloid leukaemiaHigher-risk myelodysplastic syndromesChronic myelomonocytic leukaemia and MDS/MPN overlap neoplasmsChronic myeloid leukaemia (CML)Glioma & glioblastoma | Series B 2026, $77M |
| CytoReason Tel Aviv, IL | Growth stage | ai software | none on record | |
| DEM BioPharma Cambridge, MA, US | Growth stage | biotech | Colorectal cancer | Launch financing 2022, $70M |
| Normunity Boston, MA, US | Growth stage | biotech | Head and neck squamous cell carcinomaOesophageal squamous cell carcinomaOesophageal and junctional adenocarcinomaGastric & gastro-oesophageal junction cancer | Series B 2025, $75M |
| Triana Biomedicines Lexington, MA, US | Startup | biotech | Non-small-cell lung cancerHR-positive / HER2-negative breast cancer | Series B 2025, $120M |
| TwoStep Therapeutics San Carlos, CA, US | Startup | biotech | Non-small-cell lung cancerHead and neck squamous cell carcinomaOvarian cancerOesophageal cancer | Series A 2026, $63M |
Shares Normunity and the tag corporate-venture.
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